Marathon Oil (MRO) Set to Announce Earnings on Wednesday

Marathon Oil (NYSE:MRO - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.

Marathon Oil (NYSE:MRO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.06). Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. The company's revenue was up 12.8% compared to the same quarter last year. On average, analysts expect Marathon Oil to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Marathon Oil Stock Up 0.8 %

MRO stock traded up $0.20 during trading on Wednesday, reaching $26.08. 4,419,394 shares of the company traded hands, compared to its average volume of 8,043,047. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 10.07 and a beta of 2.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 0.57. The business has a 50 day simple moving average of $27.34 and a 200 day simple moving average of $27.53. Marathon Oil has a 12 month low of $21.81 and a 12 month high of $30.06.

Wall Street Analysts Forecast Growth

MRO has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Marathon Oil in a research note on Wednesday. They issued a "buy" rating for the company. Barclays decreased their price target on shares of Marathon Oil from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their target price on Marathon Oil from $33.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company reduced their price objective on Marathon Oil from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 1st. Finally, Citigroup reduced their price target on shares of Marathon Oil from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.12.

Insiders Place Their Bets

In other news, VP Michael A. Henderson sold 38,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $27.21, for a total value of $1,033,980.00. Following the completion of the sale, the vice president now directly owns 76,828 shares in the company, valued at $2,090,489.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total value of $1,430,220.00. Following the completion of the sale, the insider now directly owns 100,000 shares of the company's stock, valued at $2,750,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the transaction, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

About Marathon Oil

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.